China Insurance Market Outlook to 2016 – Driven by Automobile Insurance Market

1 This is a license fruit of pile explore and should non be copied TABLE OF CONTENTS 1. 1. 1. 1. 2. 1. 3. Asia-Pacific restitution manufacture exertion Introduction Asia-Pacific indemnification securities effort sizing by withdraw write pension, 2005-2012P Asia-Pacific amends grocery store place sectionalisation 1. 3. 1. By Geography, 2005-2012P 1. 3. 2. By intent and Non support, 2005-2012P 1. 4. Asia-Pacific restitution attention early observatory 1. 4. 1. By Geography, 2013-2016 3. 3. 1. 3. 2. 4. 5. 5. 1. 5. 2. 5. 3. 5. 4. 6. 6. 1. 7. 7. 1. china indemnification perseverance mainland chinaware restitution Value Chain mainland chinaware indemnity trade size of it by exact indite aid, 2005-2012 chinaware amends G everywherenment Regulations china emotional state amends trade mainland china bearing indemnification mart Size, 2005-2012 china action amends Claim Paid, 2005-2012 commercialiseplace voice of major smell Insurers in ma inland mainland mainland chinaware, 2012 china sustenance insurance commercialize afterlife brainpower and Projection, 2013-2016 chinaware Non- look restitution grocery mainland chinaware Non- keep indemnification commercialize Size, 2005-2012 Non- life indemnity Segmentation, 2005-2012 mainland China billet and adventure Insurance Industry 7. 1. 1. China airplane propeller and fortuity Insurance market place Size, 2005-2012 7. . 2. China airscrew and disaster insurance Claim Paid, 2005-2012 7. 1. 3. lieu and accident Insurance Segmentation, 2005-2012 7. 1. 4. trade dowery of major(ip) Property and Casualty Insurers in China, 2012 2 This is a authorise harvest-tide of Ken inquiry and should not be copied 7. 1. 5. China Property and Casualty Insurance market place Future candidate and Projection, 20132016 7. 2. China beat back Insurance Industry 7. 2. 1. China locomote Insurance trade Size, 2005-2012 7. 2. 2. China travel Insurance Market Future vi sta and Projection, 2013-2016 7. 3. China mercenary Property Insurance Industry 7. 3. 1.China mercenary Property Insurance Market Size, 2005-2012 7. 3. 2. China mercantile Property Insurance Market Future Outlook and Projection, 2013-2016 7. 4. China Agricultural Insurance Industry 7. 4. 1. China Agricultural Insurance Market Size, 2005-2012 7. 4. 2. China Agricultural Insurance Market Future Outlook and Projection, 2013-2016 7. 5. China liability Insurance Industry 7. 5. 1. China Liability Insurance Market Size, 2005-2012 7. 5. 2. China Liability Insurance Market Future Outlook and Projection, 2013-2016 7. 6. China Credit Insurance Industry 7. 6. 1. China Credit Insurance Market Size, 2005-2012 7. 6. 2.China Credit Insurance Market Future Outlook and Projection, 2013-2016 7. 7. China Accident Insurance Industry 7. 7. 1. China Accident Insurance Market Size, 2005-2012 7. 7. 2. China Accident Insurance Market Future Outlook and Projection, 2013-2016 7. 8. China lode Insurance In dustry 7. 8. 1. China Cargo Insurance Market Size, 2005-2012 7. 8. 2. China Cargo Insurance Market Future Outlook and Projection, 2013-2016 7. 9. China health Insurance Industry 7. 9. 1. China Health Insurance Market Size, 2005-2012 7. 9. 2. China Health insurance Claim Paid, 2005-2012 3 This is a commissioned fruit of Ken explore and should not be copied . 9. 3. China Health Insurance Market Future Outlook and Projection, 2013-2016 7. 10. Market look at of study Non livelihood Insurers in China, 2011 7. 11. China Non-Life Insurance Market Future Outlook and Projection, 2013-2016 8. 9. China Insurance Industry Trends and Developments China Insurance Industry Future Projections, 2013-2016 9. 1. Cause and egress Relationship Between Dependent and Independent Factors preponderant in China Insurance Market 10. Company visibility of major Players in China Life Insurance Industry 10. 1. China Life Insurance 10. 1. 1. Company Profile 10. 1. 2. Business Strategies 10. 1. 3. pecun iary Performance 10. 2. Ping An Life Insurance 10. 2. 1. Company Profile 10. 2. 2. Business Strategies 10. 2. 3. Financial Performance 10. 3. red-hot China Life Insurance 10. 3. 1. Company Profile 10. 3. 2. Business Strategies 10. 3. 3. Financial Performance 11. Company Profile of Major Players in China Non-Life Insurance Industry 11. 1. Public Insurance Company of China (PICC) 11. 1. 1. Company Profile 11. 1. 2. Business Strategies 11. 1. 3. Financial Performance 11. 2. China Pacific Insurance (CPIC) 4 This is a accredited harvest-tide of Ken explore and should not be copied 11. 2. 1. Company Profile 11. 2. 2.Business Strategies 11. 2. 3. Financial Performance 12. China Insurance Industry Macro-Economic Indicators Historical and Projections 12. 1. China Population, 2005-2016 12. 2. GDP of China, 2005-2016 12. 3. Healthcare Expenditure of China, 2005-2016 12. 4. Total fomite in Use in China, 2007-2016 13. Appendix 13. 1. Market Definitions 13. 2. Abbreviations 13. 3. Research methodology Data Collection Methods Approach Variables (Dependent and Independent) Multi Factor Based Sensitivity ride Final Conclusion 13. 4. Disclaimer 5 This is a licensed product of Ken Research and should not be copied LIST OF FIGURES variant 1 Asia-Pacific Insurance Market Size on the primer of channelize indite bonus in USD Million, 2005-2012P telephone number 2 Asia-Pacific Insurance Market Segmentation by Life and non Life on the nucleotide of verbatim create verbally bountifulness in Percentage, 2005-2012P judge 3 Insurance Value Chain epithet 4 China Insurance Market Size on the initiation of remove write exchange premium in USD Million, 2005-2012 find 5 China Life Insurance Market Size on the rear end of acquit write tribute in USD Million, 2005-2012 depend 6 China Life Insurance Market Claim Paid on the Basis of lead pen exchange premium in USD Million, 2005-2012 epithet 7 Market Share of Major Life Insurers on the Basis of subscribe write allowance in Percentage, 2012 fancy 8 China Life Insurance Market Projections on the Basis of maneuver create verbally tribute in USD Million, 2013-2016 digit 9 China Non Life Insurance Market Size on the Basis of Direct write support in USD Million, 2005-2012 inscribe 10 China Non life Insurance Market Segmentation by Property and Casualty and Health Insurance on the Basis of Direct Written bounty in Percentage, 2005-2012 Figure 11 China Property and Casualty Insurance Market Size on the Basis of Direct Written grant in USD Million, 2005-2012 Figure 12 China Property and Casualty Insurance Market Claim Paid on the Basis of Direct Written bounty in USD Million, 2005-2012 Figure 13 China Property and Casualty Insurance Market Segmentation by Motor, Commercial Property, Agricultural, Liability, Credit, Accident, Cargo and Others Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012 Figure 14 Market Share of Major Property and Casualty Insurers on the Ba sis of Direct Written Premium in Percentage, 2012 Figure 15 China Property and Casualty Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 6 This is a licensed product of Ken Research and should not be copied Figure 16 China Motor Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 17 China Motor Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 18 China Commercial Property Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 19 China Commercial Property Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013 -2016 Figure 20 China Agricultural Insurance MarketSize on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 21 China Agricultural Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 22 China Liability I nsurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 23 China Liability Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 24 China Credit Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 25 China Credit Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 26 China Accident Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 27 China Accident Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 28 China Cargo Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 29 China Cargo Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 30 China Health Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-201 2 7 This is a licensed product of Ken Research and should not be copiedFigure 31 China Health Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012 Figure 32 China Health Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 33 Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in Percentage, 2011 Figure 34 China Non life Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 35 China Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 Figure 36 China Life Insurance Net Written Premium of China Life Insurance Company in USD Million, 2006-2012 Figure 37 China Life Insurance Premium Income of Ping An Life Insurance in USD Million, 2008-2012 Figure 38 China Life Insurance Premium Income of New China Life Insurance in USD Million, 2006-2012 Figure 39 China Life Insurance Premium Income o f Public Insurance Company of China in USD Million, 2005-2011 Figure 40 China Life Insurance Gross Written Premium of China Pacific Insurance in USD Million, 2008-2011 Figure 41 China Population in Million, 2005-2016 Figure 42 GDP of China in USD Million, 2005-2016 Figure 43 Healthcare Expenditure of China in USD Million, 2005-2016 Figure 44 Total Vehicle in Use in China in Million, 2007-2016 8 This is a licensed product of Ken Research and should not be copied LIST OF TABLES submit 1 Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct Written Premium in USD Billion, 2005 -2012P Table 2 Asia-Pacific Insurance Market Segmentation by Life and Non Life on the Basis of Direct Written Premium in USD Billion, 2005 -2012P Table 3 Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct Written Premium in USD Million, 2013-2016 Table 4 Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD Million, 2012 Table 5 Mark et Share of Major Property and Casualty Insurers on the Basis of Direct Written Premium in USD Million, 2012 Table 6 Market Share of Major Non Life Insurers on the Basis of Direct Written Premium in USD Million, 2011 Table 7 Cause and Effect Relationship Analysis between Industry Factors and Expected Industry Prospects of China Insurance Market Table 8 Correlation Matrix of China Insurance Industry Table 9 Regression Coefficients Output of China Insurance Industry 9 This is a licensed product of Ken Research and should not be copied ASIA-PACIFIC policy MARKET SIZE BY DIRECT written PREMIUM, 2005-2012P The insurance market in Asia-Pacific region has grown remarkably over the past a few(prenominal) years due to the growth in the emerging markets such as China, Japan, India, Australia, Taiwan and reciprocal ohm Korea. The countries in the Asia-Pacific region are at divergent stages of economic development unlike the European countries and the US which has created significant oppor tunities for the insurers in the region in order to serve the financial needs of the customers.The market in the region has grown at a CAGR of 11. 9% from USD zillion in 2005 to USD one thousand gazillion in 2012 Figure Asia-Pacific Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012P 16,00,000. 0 14,00,000. 0 12,00,000. 0 USD Million 10,00,000. 0 8,00,000. 0 6,00,000. 0 4,00,000. 0 2,00,000. 0 0. 0 2005 2006 2007 2008 2009 2010 2011 2012P 10 This is a licensed product of Ken Research and should not be copied ASIA-PACIFIC policy MARKET SEGMENTATION BY GEOGRAPHY, 2005-2012P Asia-Pacific insurance effort is majorly contributed by 6 major countries such as Japan, China, South Korea, Taiwan, India and Australia with the share of % in 2012.Japan insurance market is the second largest in the world with the donation of more than % in 2012. The China insurance exertion is China insurance industry is one of one of the predominant markets in the insu rance industry the predominant markets in the in the Asia-Pacific region with a percentage of % of the insurance industry in the AsiaPacific region with a contribution set written premium in the region in 2012 South Korea is the third largest market with a contribution of % in 2012. The uncouth insurance sector is more complicated with limited growth opportunities in comparison with the growing market in the region such as China and India of % of the direct written premium in the region in 2012.Table Asia-Pacific Insurance Market Segmentation by Countries on the Basis of Direct Written Premium in USD Billion, 2005-2012P Countries Japan China South Korea Taiwan India Australia Hong Kong capital of Singapore Thailand Malaysia 2005 2006 2007 2008 2009 2010 2011 2012P 11 This is a licensed product of Ken Research and should not be copied Indonesia New Zealand Philippines Vietnam Pakistan Kazakhstan Bangladesh Sri Lanka Total 12 This is a licensed product of Ken Research and should not be copied CHINA INSURANCE industriousness CHINA INSURANCE MARKET SIZE BY DIRECT WRITTEN PREMIUM, 2005-2012 The Chinese insurance industry has seen rapid expansion during 2005-2012 and bequeath keep open to see high growth rates in the adjoining few years.The insurance market in the hoidenish has figureed a compound yearly growth rate of % in the last seven years and has save direct written premium of USD cardinal in 2012 Figure China Insurance Market Size on the Basis of Direct Written Premium in USD Million, 2005-2012 3,00,000. 0 2,50,000. 0 USD Million 2,00,000. 0 1,50,000. 0 1,00,000. 0 50,000. 0 0. 0 2005 2006 2007 2008 2009 2010 2011 2012 let downLife Insurance is in Premium Income Non-Life Insurance is in Premium Income 13 This is a licensed product of Ken Research and should not be copied CHINA lifespan INSURANCE MARKET CHINA LIFE INSURANCE affirm PAID, 2005-2012 China life insurance industry has paid a claim of USD 20,128. million in 2011 due to an occurrenc e of natural disaster in mainland China in the prime(prenominal) half of 2011. China has been the worlds virtually existing marketplace for world(a) insurers for a decade and it looks set to defy its status in the near future. The country life insurance industry has experienced an incline in claim paid from USD million in 2010 to USD million in 2011. . Figure China Life Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012 25,000. 0 20,000. 0 USD Million 15,000. 0 10,000. 0 5,000. 0 0. 0 2005 2006 2007 2008 2009 2010 2011 2012 NoteLife Insurance is in Premium Income 14 This is a licensed product of Ken Research and should not be copiedMARKET SHARE OF MAJOR LIFE INSURERS IN CHINA, 2012 China life insurance industry is a concentrated market with top five players bring around % of the total life insurance direct written premium in 2012. China life is the leading player in China life insurance industry with the contribution of approximately % of the total direct written premium of the life insurance industry in China in 2012. Figure 1 Market Share of Major Life Insurers on the Basis of Direct Written Premium in Percentage, 2012 China Life shares Ping An Life New China Life CPIC Life PICC Life Taikang TPL (Taiping Life) Sino Life Others Note Life Insurance is in Premium IncomeTable Market Share of Major Life Insurers on the Basis of Direct Written Premium in USD Million, 2012 Players China Life shares Ping An Life New China Life 2012 15 This is a licensed product of Ken Research and should not be copied CPIC Life PICC Life Taikang TPL Sino Life Others Total Source Insurance Association of China and Ken Research NoteLife Insurance is in Premium Income CHINA NON-LIFE INSURANCE MARKET NON-LIFE INSURANCE SEGMENTATION, 2005-2012 The country non life insurance market is henpecked by topographic point and casualty fragment with the contribution of % in 2012 The get vehicle is the leading contributor in prop and casualty constituent China non life insurance market is dominated by property and with the share of around % in 2012.The motor vehicle casualty segment with the insurance is divided into two types such as compulsory contribution of % in 2012. liability and voluntary insurance. The second largest contributor in property and casualty segment is property with the share of approximately % in 2012 followed by agricultural insurance with the share of % in 2012. The health insurance market contributes % of the non life insurance industry in China in 2012. The backstage health insurance coverage in the country has expanded and immediately it covers approximately % of Chinas population. The health insurance coverage in the country has grown at an impressive rate of % annually over the past 10 years.The number of health insurance plan in the country has also increased from around in 2008 to over in 2011. 16 This is a licensed product of Ken Research and should not be copied Figure 2 China Non lif e Insurance Market Segmentation by Property and Casualty and Health Insurance on the Basis of Direct Written Premium in Percentage, 2005-2012 100. 0% 90. 0% 80. 0% 70. 0% 60. 0% 50. 0% 40. 0% 30. 0% 20. 0% 10. 0% 0. 0% 2005 2006 Health NoteNon-Life Insurance is in Premium Income In Percentage % 2007 2008 2009 2010 2011 2012 Property and Casualty CHINA PROPERTY AND misfortune INSURANCE INDUSTRY CHINA PROPERTY AND CASUALTY INSURANCE CLAIM PAID, 2005-2012The Chinese property and casualty insurance industry has paid USD million claims in 2011 in which approximately USD was paid in August 2011 which was put down as the highest claim paid in the year In 2009, the unite ratio of property and casualty insurance industry has improved to % and this peremptory trend in the market is accelerated in 2010 and in the first half of 2011 in which the industry has plattered the combined ratio of % and % on an individual basis for the top three insurers in the country which include PICC, Ping A n Property and Casualty and CPIC Fiscal. 17 This is a licensed product of Ken Research and should not be copied Figure China Property and Casualty Insurance Market Claim Paid on the Basis of Direct Written Premium in USD Million, 2005-2012 50,000. 0 45,000. 0 40,000. USD Million 35,000. 0 30,000. 0 25,000. 0 20,000. 0 15,000. 0 10,000. 0 5,000. 0 0. 0 2005 2006 2007 2008 2009 2010 2011 2012 NoteProperty and Casualty Insurance is in Premium Income CHINA motor INSURANCE INDUSTRY CHINA MOTOR INSURANCE MARKET coming(prenominal) OUTLOOK AND PROJECTION, 2013-2016 The country automobile insurance market is expected to piddle direct written premium of USD million in 2016 which is up from USD million in 2011. This is due to an expected increase in the car willpower in the country as there are only 35 million cars for the population of billion in 2011. 18 This is a licensed product of Ken Research and should not be copiedFigure China Motor Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 1,80,000. 0 1,60,000. 0 1,40,000. 0 USD Million 1,20,000. 0 1,00,000. 0 80,000. 0 60,000. 0 40,000. 0 20,000. 0 0. 0 2013 NoteMotor Insurance is in Premium Income 2014 2015 2016 19 This is a licensed product of Ken Research and should not be copied ASIA-PACIFIC INSURANCE INDUSTRY future OUTLOOK Overall, the market of the Asia-Pacific insurance is expected to grow at a CAGR of 11. 2% from 2013-2016. The market in the near future is expected to witness consolidation and higher competition level with the entrance of more global players in the market ASIA-PACIFIC INSURANCE INDUSTRY FUTURE PROJECTIONSBY GEOGRAPHY, 2013-2016 The Asia-Pacific Insurance industry is expected to grow at a CAGR of 11. 2% from 2013-2016 on posting of rising population in the emerging market of Asia such as India and China. It is anticipated that the total direct written premium of the insurance products will increase to USD million in 2016 from USD million in 2012. Table Asia-Pacific Insurance Market Projections by Countries on the Basis of Direct Written Premium in USD Million, 2013-2016 Countries Japan China South Korea Taiwan India Australia Hong Kong Singapore Thailand 2013 2014 2015 2016 20 This is a licensed product of Ken Research and should not be copiedMalaysia Indonesia New Zealand Philippines Vietnam Pakistan Kazakhstan Bangladesh Sri Lanka Total CHINA INSURANCE INDUSTRY FUTURE PROJECTIONS, 2013-2016 In the base case scenario analysis the insurance industry in the country is expected to grow at a phenomenal rate of 17. 7% in the next four years and is predicted to record the direct written premium of USD million in 2016 The worst case scenario analysis assumes that the country insurance market is anticipated to grow at a bare(a) rate of 6. 9% from 2013-2016 in comparison to the historical years The trounce case scenario analysis predicts the remarkable growth of 28. 5% in the next five years.The countrys insurance marke t is expected to record direct written premium of USD million by 2016. 21 This is a licensed product of Ken Research and should not be copied Figure China Insurance Market Projections on the Basis of Direct Written Premium in USD Million, 2013-2016 8,00,000. 0 7,00,000. 0 6,00,000. 0 USD Million 5,00,000. 0 4,00,000. 0 3,00,000. 0 2,00,000. 0 1,00,000. 0 0. 0 2013 Worst illustration NoteLife Insurance is in Premium Income Non-Life Insurance is in Premium Income 2014 Base Case 2015 Best Case 2016 22 This is a licensed product of Ken Research and should not be copied provoke AND EFFECT RELATIONSHIP BETWEEN DEPENDENT AND INDEPENDENT FACTORS PREVAILING IN CHINA INSURANCE MARKETTable Cause and Effect Relationship Analysis between Industry Factors and Expected Industry Prospects of China Insurance Market Industry Factors Strict Government Regulations and Support Increasing Population Market meet Comments ? Cause ? Positive Effect ? Cause ? Effect ? Cause ? Effect ? Cause ? Positive Effect ? Negative Effect Increasing Consumer disbursement Intensifying Competition DISCLAIMER No part of this manual or any material appearing may be reproduced, stored in or transmitted on any other Web site without written permission of Ken Research and any payments of a specified fee. Requests to print any material may be sent to us. 23 This is a licensed product of Ken Research and should not be copied